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Economy, jobs and prices in Vechta (Lower Saxony, Germany): official figures

GDP per person was 52,600 purchasing power standards (PPS) in 2023, 137% of the EU average (117% for Germany); 64th highest of 400 districts in Germany.

GDP per person (PPS)
52,600
2023
People in work
103,870
2023
Unemployment rate (% of civilian labour force)
3.7%
2023
Unemployment rate, under 25 (%)
2.9%
2023
Long-term unemployed (% of unemployed)
25.9%
2023
Median monthly gross wage, full-time employees (€)
€3,325
2023
Women's median full-time wage as % of men's
81.2%
2023
Purchasing power per resident (€ a year)
€28,922
2023

How big is the economy of Vechta?

The local economy produced €8.6 billion of output (GDP) in 2023.

Source: Eurostat · saved copy

How many people work in Vechta?

About 103,870 people worked in Vechta in 2023 (employment by place of work).

Source: Eurostat · saved copy

What is the unemployment rate in Vechta?

The unemployment rate in Vechta was 3.7% in 2023, 110th lowest of 400 districts in Germany; the median district stood at 5.0%. That is up from 3.4% in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

How high is youth unemployment in Vechta?

At 2.9% in 2023, the unemployment rate among under-25s in Vechta ranked 96th lowest of 400 German districts (district median 4.4%). That is down from 3.3% in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

How many long-term unemployed are there in Vechta?

The share of jobless people unemployed for a year or longer in Vechta was 25.9% in 2023, 97th lowest of 400 districts in Germany; the median district stood at 31.8%. That is up from 22.5% in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

What is the average salary in Vechta?

At €3,325 in 2023, the median monthly gross wage of full-time employees in Vechta ranked 86th lowest of 400 German districts (district median €3,604). In 2019 the figure was €2,975.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

What is the gender pay gap in Vechta?

At 81.2% in 2023, the median full-time wage of women as a share of men's in Vechta ranked 39th lowest of 400 German districts (district median 88.5%). That is up from 74.9% in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

What is the purchasing power in Vechta?

The purchasing power per resident in Vechta was €28,922 in 2023, 160th lowest of 400 districts in Germany; the median district stood at €29,371. In 2019 the figure was €22,951.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

What share of people work in Vechta?

In 2023, Vechta recorded a share of working-age residents in jobs paying social insurance of 71.0%, compared with 66.1% in the median German district, which ranks it 29th highest of 400 districts. In 2019 the figure was 67.2%.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

How many mini-jobs are there in Vechta?

In 2023, Vechta recorded a share of private-sector jobs that are low-paid 'mini-jobs' of 21.1%, compared with 19.7% in the median German district, which ranks it 137th highest of 400 districts. That is down from 21.8% in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

How many people commute to Vechta?

At +10.0 in 2023, the commuter balance (net commuters per 100 jobs) in Vechta ranked 84th highest of 400 German districts (district median -11.7). It was +11.1 in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

How many businesses go bankrupt in Vechta?

The number of company insolvency applications per 1,000 businesses in Vechta was 2.1 in 2023, 37th lowest of 400 districts in Germany; the median district stood at 3.9. It was 3.0 in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

What is the main industry in Vechta?

The largest part of the economy of Vechta in 2023 was industry (manufacturing, mining and energy), at 33.3% of gross value added, followed by trade, transport, hospitality and communications (18.7%).

Source: Eurostat · saved copy

How industrial is Vechta?

Factories, mines and energy produced 33.3% of the value added in Vechta in 2023, against 24.5% for Germany.

Source: Eurostat · saved copy

How fast is the economy of Vechta growing?

Gross value added rose from €5.2 billion in 2015 to €7.9 billion in 2023 in current prices, an increase of 50% before inflation.

Source: Eurostat · saved copy

What jobs do people do in Vechta?

Of the 103,870 jobs located in Vechta in 2023, 24% in public services, education, health and other services, 28% in industry and 7.6% in farming, forestry and fishing.

Source: Eurostat · saved copy

Are jobs growing in Vechta?

The number of people working in Vechta rose by 11.2% between 2015 and 2023, to 103,870.

Source: Eurostat · saved copy

How Vechta compares with other districts in Germany

Unemployment rate (% of civilian labour force) (2023)

Vechta ranks 291 of 400, highest first. INKAR indicator: Anteil der Arbeitslosen an den zivilen Erwerbspersonen in %

RankAreaUnemployment rate (% of civilian labour force)
288Lichtenfels3.8%
289Esslingen3.8%
290Würzburg, Kreisfreie Stadt3.7%
291Vechta3.7%
292Memmingen, Kreisfreie Stadt3.7%
293Coburg, Landkreis3.7%
294Konstanz3.7%
Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

Median monthly gross wage, full-time employees (€) (2023)

Vechta ranks 315 of 400, highest first. INKAR indicator: Medianeinkommen der sozialversicherungspflichtig Vollzeitbeschäftigten in Euro

RankAreaMedian monthly gross wage, full-time employees (€)
312Alzey-Worms€3,332
313Cuxhaven€3,329
314Diepholz€3,327
315Vechta€3,325
316Bamberg, Landkreis€3,316
317Dessau-Roßlau, Kreisfreie Stadt€3,313
318Aurich€3,313
Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

Purchasing power per resident (€ a year) (2023)

Vechta ranks 241 of 400, highest first. INKAR indicator: Kaufkraft je Einwohner in Euro

RankAreaPurchasing power per resident (€ a year)
238Miltenberg€28,966
239Rottal-Inn€28,933
240Cochem-Zell€28,922
241Vechta€28,922
242Hameln-Pyrmont€28,883
243Bielefeld, Kreisfreie Stadt€28,878
244Goslar€28,865
Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

Residents in insured jobs (% of working-age population) (2023)

Vechta ranks 29 of 400, highest first. INKAR indicator: SV Beschäftigte am Wohnort je 100 Einwohner im erwerbsfähigen Alter in %

RankAreaResidents in insured jobs (% of working-age population)
26Landshut, Landkreis71.0%
27Eichsfeld71.0%
28Main-Spessart71.0%
29Vechta71.0%
30Börde70.9%
31Fürth, Landkreis70.8%
32Kitzingen70.7%
Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

Share of output from industry (manufacturing, mining and energy) (2023)

Vechta ranks 96 of 400, highest first.

RankAreaShare of output from industry (manufacturing, mining and energy)
93Börde33.5%
94Cloppenburg33.5%
95Bernkastel-Wittlich33.4%
96Vechta33.3%
97Kulmbach32.9%
98Herford32.8%
99Schwäbisch Hall32.8%
Source: Eurostat · saved copy

Share of output from finance, property and business services (2023)

Vechta ranks 321 of 400, highest first.

RankAreaShare of output from finance, property and business services
318Saale-Holzland-Kreis18.7%
319Altötting18.7%
320Ostprignitz-Ruppin18.5%
321Vechta18.5%
322Ansbach, Kreisfreie Stadt18.5%
323Emsland18.5%
324Pfaffenhofen a. d. Ilm18.5%
Source: Eurostat · saved copy

Share of output from public administration, education, health and other services (2023)

Vechta ranks 342 of 400, highest first.

RankAreaShare of output from public administration, education, health and other services
339München, Kreisfreie Stadt16.8%
340Mannheim, Stadtkreis16.8%
341Teltow-Fläming16.7%
342Vechta16.7%
343Neustadt a. d. Waldnaab16.6%
344Freudenstadt16.6%
345Stuttgart, Stadtkreis16.6%
Source: Eurostat · saved copy

More on Vechta: overview · health · education and schools · poverty and living standards · government budget · Lower Saxony · Germany

Sources

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